Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock common stock, 518 par value, 12,400 shares authorized. During the year, the following selected transactions were completed: a. Sold 7,300 shares of common stock for cash at $36 per share b. Sold 1,900 shares of common stock for cash at $41 per share c. At year-end, the accounts reflected income of $7,900. No dividends were declared E1-5 Part 2 2. Prepare the stockholders' equity section as it should be reported on the year end balance sheet (Amounts to be deducted she be indicated by a minus sign.) TARRANT CORPORATION Balance Sheet (Part A December 11, This year Stocesy Cointed Canh $262.000 Portal.com 262.000 2 DO focal two

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